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Disappointment for first time buyers says L&H

Chancellor Gordon Brown has disappointed thousands of first time home buyers by not raising the £60,000 starting threshold for Stamp Duty on residential properties says Leeds & Holbeck Building Society.

The building society warns that many FTBs find it a considerable struggle to afford their first home and Stamp Duty only adds to this burden.

Chief executive Ian Ward says: “The Chancellor has missed a golden opportunity as the continued buoyancy of the housing market depends on people being able to get onto the housing ladder.

“As house prices continue to rise an increasing number of first time buyers now pay Stamp Duty at a rate of 1 per cent on the value of their new home.”


75th franchisee for Mortgageforce

Broker franchise group Mortgageforce claims to have achieved a staggering first year with the recent appointment of its 75th franchisee.Mortgageforce says it has successfully established a place in the market on the philosophy that franchisees are in business for themselves but not by themselves as they get support from Mortgageforce.It says franchisees are helped every […]

Paymentshield launches intermediary roadshows

Insurance provider Paymentshield is holding roadshows around the UK from May 15 to explain how intermediaries can take advantage of income opportunities form mortgage related insurance. Its series of 14 events to mark its tenth anniversary kick-off in Gateshead where it will do its first demonstration of its insurance quote software for mortgage intermediaries, Inertia […]

Verity&#39s view

When the Inland Revenue brought its consultation on annuities to a close, it left many IFAs and their clients disappointed.From the start, its refusal to review the compulsory purchase of annuities at the age of 75 looked dogmatic and inflexible, a throwback to the days when bureaucrats knew better than the average member of the […]

Clamp down on stamp duty avoidance

Gordon Brown has proposed a clamp down on stamp duty avoidance. He has also proposed to abolish stamp duty on all commercial properties in deprived areas, known as Enterprise Neighbourhoods.This is an extension of the previous abolition of stamp duty relief on commercial properties valued up to £150,000.He is also introducing a new community investment […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


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